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RBI exempts furnishing of declaration in case of re-export of lease aircraft re-possessed by overseas lessor

December 11, 2019
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RBI has amended regulation 4 of FEM (export of goods and services) Regulation, 2015 whereby it has exempted furnishing of declaration in case of re-export of leased aircraft/ helicopter and/or engines/auxiliary power units (APUs) re-possessed by overseas lessor and duly de-registered by the DGCA on the request of Irrevocable Deregistration and Export Request Authorisation (IDERA) holder under ‘Cape Town Convention’ subject to permission by DGCA/Ministry of Civil Aviation for such export/s.
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